2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. lowered its position in Lakeland Financial Co. ( NASDAQ:LKFN – Free Report ) by 10.
7% during the fourth quarter, Holdings Channel reports. The firm owned 178,368 shares of the financial services provider’s stock after selling 21,480 shares during the period. Envestnet Asset Management Inc.
’s holdings in Lakeland Financial were worth $12,265,000 at the end of the most recent quarter. A number of other institutional investors also recently modified their holdings of the company. Albert D Mason Inc.
boosted its holdings in Lakeland Financial by 0.8% during the fourth quarter. Albert D Mason Inc.
now owns 22,638 shares of the financial services provider’s stock worth $1,557,000 after purchasing an additional 177 shares during the last quarter. Forvis Mazars Wealth Advisors LLC boosted its stake in shares of Lakeland Financial by 0.4% in the 4th quarter.
Forvis Mazars Wealth Advisors LLC now owns 68,875 shares of the financial services provider’s stock worth $4,736,000 after buying an additional 255 shares during the last quarter. Swiss National Bank increased its position in shares of Lakeland Financial by 0.6% during the fourth quarter.
Swiss National Bank now owns 50,150 shares of the financial services provider’s stock valued at $3,448,000 after acquiring an additional 300 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in Lakeland Financial by 1.8% during the fourth quarter.
WINTON GROUP Ltd now owns 16,615 shares of the financial services provider’s stock worth $1,142,000 after acquiring an additional 300 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in Lakeland Financial by 18.8% in the 4th quarter.
Jones Financial Companies Lllp now owns 2,062 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 326 shares during the period. 81.15% of the stock is owned by institutional investors.
Insider Buying and Selling In related news, Director M Scott Welch bought 5,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $61.40 per share, with a total value of $307,000.
00. Following the purchase, the director now owns 39,000 shares in the company, valued at approximately $2,394,600. The trade was a 14.
71 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link . Also, SVP Donald Robinson-Gay sold 550 shares of the company’s stock in a transaction dated Tuesday, February 25th.
The shares were sold at an average price of $66.25, for a total transaction of $36,437.50.
Following the transaction, the senior vice president now directly owns 4,974 shares of the company’s stock, valued at approximately $329,527.50. This trade represents a 9.
96 % decrease in their ownership of the stock. The disclosure for this sale can be found here . 3.
00% of the stock is owned by company insiders. Analyst Upgrades and Downgrades Check Out Our Latest Stock Analysis on LKFN Lakeland Financial Stock Performance Shares of NASDAQ LKFN opened at $53.02 on Friday.
Lakeland Financial Co. has a fifty-two week low of $50.74 and a fifty-two week high of $78.
61. The stock has a market cap of $1.38 billion, a PE ratio of 14.
61 and a beta of 0.64. The stock has a fifty day moving average of $60.
90 and a 200-day moving average of $66.22. Lakeland Financial ( NASDAQ:LKFN – Get Free Report ) last issued its quarterly earnings data on Friday, January 24th.
The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.89 by $0.
05. Lakeland Financial had a net margin of 21.74% and a return on equity of 13.
31%. On average, sell-side analysts predict that Lakeland Financial Co. will post 3.
7 EPS for the current year. Lakeland Financial Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 25th will be paid a dividend of $0.
50 per share. This represents a $2.00 annualized dividend and a yield of 3.
77%. The ex-dividend date is Friday, April 25th. Lakeland Financial’s dividend payout ratio is 55.
10%. Lakeland Financial Profile ( Free Report ) Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits.
Read More Want to see what other hedge funds are holding LKFN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lakeland Financial Co. ( NASDAQ:LKFN – Free Report ).
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